Mr. Martin Nicoletti joins the Company as Chief Financial Officer. Mr. Nicoletti is a certified general accountant with twenty-seven years of experience. He graduated from Quebec University in Trois-Rivières in 1987 with a bachelor degree in business administration. He joined Price Waterhouse where he spent the next four years serving several clients in the mining industry. Mr. Nicoletti then spent the following eleven years with companies as a controller and chief accountant. Since 2004, he has been involved with public junior mining companies carrying out exploration activities worldwide, with responsibilities in financial controls and financial reporting. He currently serves as the Chief Financial Officer of a number of public companies.

Mr. Toby Mayo is joining the Company as President and Chief Operating Officer. He will also join the Virtus board. Mr. Mayo brings twenty years of comprehensive, varied and global experience to Virtus. He holds a B.Sc. (Hons) degree in Geology from the University of Edinburgh and an LL.B. (Hons) in Law from the University of London. Mr. Mayo has most recently held senior management positions at two TSX Venture Exchange listed mineral exploration companies as President and CEO and also brings extensive consulting and corporate development experience. He began his career as an exploration geologist for Rio Tinto in South America, northern and eastern Europe. Subsequently Mr. Mayo worked in a number of senior consulting roles including within the Investment and Business Planning group at Hatch in London and as Senior Technical Advisor for Ivanhoe Mines Ltd. on the development of the Oyu Tolgoi project in Mongolia. Mr. Mayo possesses financial, commercial, technical, project management and legal skills, with experience completing techno-economic and transaction-related studies of mining and metals projects across the globe.

Mr. Stanley Robinson joins the Company as VP, Exploration, having served previously in an advisory capacity. Mr. Robinson is a Professional Geoscientist with 40 years' exploration and corporate experience in management of base metal and gold exploration projects from grassroots to feasibility in Africa and Canada, as well as project due diligence and report writing in South America. Mr. Robinson is responsible for delineating (1) 1.67 million ounce NI 43-101 compliant gold and inferred gold resource, part of a nearly 3 million ounce global resource, in the Democratic Republic of Congo; (2) 1.3 million ounce, non-NI 43-101 compliant, gold resource in Burkina Faso; currently in commercial production; and (3) 0.25 million ounce, non-NI 43-101 compliant, gold resource in Nunavut, Canada. Mr. Robinson serves as a Qualified Person, as defined under Canadian National Instrument 43-101. Mr. Robinson also joins the Company's board.

Mr. Derrick Weyrauch joins the Company's Board of Directors. Mr. Weyrauch is a Chartered Professional Accountant ("CPA", "CA") with over 25 years of experience that includes corporate financial management, financings, corporate restructuring, strategic planning and M&A.  He serves currently as the Audit Committee Chair for Banro Corporation (a gold producer).  Previously, for Jaguar Mining Inc., he served as the Chief Financial Officer, Chairman -- Special Committee Restructuring and Recapitalization and as a member of the Audit Committee. Additionally, prior to its sale in 2013, Mr. Weyrauch served as the Chief Financial Officer of Andina Minerals Inc. Mr. Weyrauch earned his CA designation in 1990 while working at KMPG and he is a member of the Institute of Chartered Accountants of Ontario, the Institute of Corporate Directors and he holds a Bachelor of Arts degree in Economics.

Lastly, the Company is pleased to announce the appointment of Dan Hrushewsky to the Board. Mr Hrushewsky is an Engineer, MBA and CFA. Since his recent role as a gold mining analyst for Jennings Capital in Toronto, he has consulted for numerous mining companies on strategic issues, M&A, capital markets financing and mine plan optimization. Prior to his work as an analyst, he was employed in Corporate Development/M&A for gold and base metal producers, and in project finance for a Canadian Bank.

Daniel Barrette, Virtus's Chairman and Chief Executive Officer, commented: "We are pleased to be strengthening our executive team and board so significantly at this time, as the Company refocusses its strategy. The new management team brings a number of decades of exploration, corporate and consulting experience gained within the resource industry. We look forward to leveraging this experience during this exciting period of change and growth." Mr. Daniel Barrette has stepped down as President of the Company, while retaining his role as CEO and Executive Chairman.

About Virtus

Virtus is a privately-held Canadian mineral exploration company that was formed in December 2014 under the laws of the Province of Québec.

Virtus holds 100% interest in the Nemiscau Project, which is highly prospective for lithium and rare earth elements (REEs), as well as VMS mineralisation. The project area comprises 50 claims covering 2,666 ha in the James Bay region of northern Québec. The licence is in close proximity to and on strike from the world-class Whabouchi Lithium Mine, currently being developed by Nemaska Lithium Inc. (NMX.V).

Virtus's long-term growth strategy is to explore and develop high-quality projects that have the potential to produce and deliver strategic minerals to the global high-tech industrial sector.

More information on Virtus is available at www.virtusminerals.com.

VIRTUS CONTACT INFORMATION

Daniel Barette
Chief Executive Officer
+1.514.448.2172
daniel@virtusminerals.com

Toby Mayo
President and Chief Operating Officer
+1.778.668.0107
toby@virtusminerals.com

FORWARD-LOOKING STATEMENTS

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company's periodic filings. When used in this document, the words such as "will, could, plan, estimate, expect, intend, may, potential, should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking information and statements in this news release include, but are not limited to, statements regarding the acquisition of the Nemiscau Project and the issuance of securities, opportunities for discovery in the James Bay region of northern Québec, the future growth of Virtus, the identification, exploration, and development of high-quality mineral projects and the delivery of minerals to the global industrial sector.

All such forward-looking information and statements are based on certain assumptions and analyses made by members of Virtus's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors that they believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements and Virtus undertakes no obligation to update such statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

SOURCE: Virtus Minerals Corporation 

ReleaseID: 440249

"/> Virtus Minerals Corporation Appoints New Management, Strengthens Board to Drive Strategic Growth and Advance the Company’s Nemiscau Lithium Project « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Virtus Minerals Corporation Appoints New Management, Strengthens Board to Drive Strategic Growth and Advance the Company’s Nemiscau Lithium Project

MONTREAL, QC / ACCESSWIRE / May 20, 2016 / VIRTUS MINERALS CORPORATION ("Virtus" or the "Company"), a private mineral exploration company, is pleased to announce appointments to the executive team and the Board of Directors to drive growth of the Company and development of the recently acquired Nemiscau Project, which lies in close proximity and along strike from Nemaska Lithium Inc.'s (TSXV: NMX) Whabouchi Project (see Press Release dated 12 May 2016). All appointments are made with immediate effect.

Mr. Martin Nicoletti joins the Company as Chief Financial Officer. Mr. Nicoletti is a certified general accountant with twenty-seven years of experience. He graduated from Quebec University in Trois-Rivières in 1987 with a bachelor degree in business administration. He joined Price Waterhouse where he spent the next four years serving several clients in the mining industry. Mr. Nicoletti then spent the following eleven years with companies as a controller and chief accountant. Since 2004, he has been involved with public junior mining companies carrying out exploration activities worldwide, with responsibilities in financial controls and financial reporting. He currently serves as the Chief Financial Officer of a number of public companies.

Mr. Toby Mayo is joining the Company as President and Chief Operating Officer. He will also join the Virtus board. Mr. Mayo brings twenty years of comprehensive, varied and global experience to Virtus. He holds a B.Sc. (Hons) degree in Geology from the University of Edinburgh and an LL.B. (Hons) in Law from the University of London. Mr. Mayo has most recently held senior management positions at two TSX Venture Exchange listed mineral exploration companies as President and CEO and also brings extensive consulting and corporate development experience. He began his career as an exploration geologist for Rio Tinto in South America, northern and eastern Europe. Subsequently Mr. Mayo worked in a number of senior consulting roles including within the Investment and Business Planning group at Hatch in London and as Senior Technical Advisor for Ivanhoe Mines Ltd. on the development of the Oyu Tolgoi project in Mongolia. Mr. Mayo possesses financial, commercial, technical, project management and legal skills, with experience completing techno-economic and transaction-related studies of mining and metals projects across the globe.

Mr. Stanley Robinson joins the Company as VP, Exploration, having served previously in an advisory capacity. Mr. Robinson is a Professional Geoscientist with 40 years' exploration and corporate experience in management of base metal and gold exploration projects from grassroots to feasibility in Africa and Canada, as well as project due diligence and report writing in South America. Mr. Robinson is responsible for delineating (1) 1.67 million ounce NI 43-101 compliant gold and inferred gold resource, part of a nearly 3 million ounce global resource, in the Democratic Republic of Congo; (2) 1.3 million ounce, non-NI 43-101 compliant, gold resource in Burkina Faso; currently in commercial production; and (3) 0.25 million ounce, non-NI 43-101 compliant, gold resource in Nunavut, Canada. Mr. Robinson serves as a Qualified Person, as defined under Canadian National Instrument 43-101. Mr. Robinson also joins the Company's board.

Mr. Derrick Weyrauch joins the Company's Board of Directors. Mr. Weyrauch is a Chartered Professional Accountant ("CPA", "CA") with over 25 years of experience that includes corporate financial management, financings, corporate restructuring, strategic planning and M&A.  He serves currently as the Audit Committee Chair for Banro Corporation (a gold producer).  Previously, for Jaguar Mining Inc., he served as the Chief Financial Officer, Chairman -- Special Committee Restructuring and Recapitalization and as a member of the Audit Committee. Additionally, prior to its sale in 2013, Mr. Weyrauch served as the Chief Financial Officer of Andina Minerals Inc. Mr. Weyrauch earned his CA designation in 1990 while working at KMPG and he is a member of the Institute of Chartered Accountants of Ontario, the Institute of Corporate Directors and he holds a Bachelor of Arts degree in Economics.

Lastly, the Company is pleased to announce the appointment of Dan Hrushewsky to the Board. Mr Hrushewsky is an Engineer, MBA and CFA. Since his recent role as a gold mining analyst for Jennings Capital in Toronto, he has consulted for numerous mining companies on strategic issues, M&A, capital markets financing and mine plan optimization. Prior to his work as an analyst, he was employed in Corporate Development/M&A for gold and base metal producers, and in project finance for a Canadian Bank.

Daniel Barrette, Virtus's Chairman and Chief Executive Officer, commented: "We are pleased to be strengthening our executive team and board so significantly at this time, as the Company refocusses its strategy. The new management team brings a number of decades of exploration, corporate and consulting experience gained within the resource industry. We look forward to leveraging this experience during this exciting period of change and growth." Mr. Daniel Barrette has stepped down as President of the Company, while retaining his role as CEO and Executive Chairman.

About Virtus

Virtus is a privately-held Canadian mineral exploration company that was formed in December 2014 under the laws of the Province of Québec.

Virtus holds 100% interest in the Nemiscau Project, which is highly prospective for lithium and rare earth elements (REEs), as well as VMS mineralisation. The project area comprises 50 claims covering 2,666 ha in the James Bay region of northern Québec. The licence is in close proximity to and on strike from the world-class Whabouchi Lithium Mine, currently being developed by Nemaska Lithium Inc. (NMX.V).

Virtus's long-term growth strategy is to explore and develop high-quality projects that have the potential to produce and deliver strategic minerals to the global high-tech industrial sector.

More information on Virtus is available at www.virtusminerals.com.

VIRTUS CONTACT INFORMATION

Daniel Barette
Chief Executive Officer
+1.514.448.2172
daniel@virtusminerals.com

Toby Mayo
President and Chief Operating Officer
+1.778.668.0107
toby@virtusminerals.com

FORWARD-LOOKING STATEMENTS

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company's periodic filings. When used in this document, the words such as "will, could, plan, estimate, expect, intend, may, potential, should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking information and statements in this news release include, but are not limited to, statements regarding the acquisition of the Nemiscau Project and the issuance of securities, opportunities for discovery in the James Bay region of northern Québec, the future growth of Virtus, the identification, exploration, and development of high-quality mineral projects and the delivery of minerals to the global industrial sector.

All such forward-looking information and statements are based on certain assumptions and analyses made by members of Virtus's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors that they believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements and Virtus undertakes no obligation to update such statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

SOURCE: Virtus Minerals Corporation 

ReleaseID: 440249

MONTREAL, QC / ACCESSWIRE / May 20, 2016 / VIRTUS MINERALS CORPORATION ("Virtus" or the "Company"), a private mineral exploration company, is pleased to announce appointments to the executive team and the Board of Directors to drive growth of the Company and development of the recently acquired Nemiscau Project, which lies in close proximity and along strike from Nemaska Lithium Inc.'s (TSXV: NMX) Whabouchi Project (see Press Release dated 12 May 2016). All appointments are made with immediate effect.

Mr. Martin Nicoletti joins the Company as Chief Financial Officer. Mr. Nicoletti is a certified general accountant with twenty-seven years of experience. He graduated from Quebec University in Trois-Rivières in 1987 with a bachelor degree in business administration. He joined Price Waterhouse where he spent the next four years serving several clients in the mining industry. Mr. Nicoletti then spent the following eleven years with companies as a controller and chief accountant. Since 2004, he has been involved with public junior mining companies carrying out exploration activities worldwide, with responsibilities in financial controls and financial reporting. He currently serves as the Chief Financial Officer of a number of public companies.

Mr. Toby Mayo is joining the Company as President and Chief Operating Officer. He will also join the Virtus board. Mr. Mayo brings twenty years of comprehensive, varied and global experience to Virtus. He holds a B.Sc. (Hons) degree in Geology from the University of Edinburgh and an LL.B. (Hons) in Law from the University of London. Mr. Mayo has most recently held senior management positions at two TSX Venture Exchange listed mineral exploration companies as President and CEO and also brings extensive consulting and corporate development experience. He began his career as an exploration geologist for Rio Tinto in South America, northern and eastern Europe. Subsequently Mr. Mayo worked in a number of senior consulting roles including within the Investment and Business Planning group at Hatch in London and as Senior Technical Advisor for Ivanhoe Mines Ltd. on the development of the Oyu Tolgoi project in Mongolia. Mr. Mayo possesses financial, commercial, technical, project management and legal skills, with experience completing techno-economic and transaction-related studies of mining and metals projects across the globe.

Mr. Stanley Robinson joins the Company as VP, Exploration, having served previously in an advisory capacity. Mr. Robinson is a Professional Geoscientist with 40 years' exploration and corporate experience in management of base metal and gold exploration projects from grassroots to feasibility in Africa and Canada, as well as project due diligence and report writing in South America. Mr. Robinson is responsible for delineating (1) 1.67 million ounce NI 43-101 compliant gold and inferred gold resource, part of a nearly 3 million ounce global resource, in the Democratic Republic of Congo; (2) 1.3 million ounce, non-NI 43-101 compliant, gold resource in Burkina Faso; currently in commercial production; and (3) 0.25 million ounce, non-NI 43-101 compliant, gold resource in Nunavut, Canada. Mr. Robinson serves as a Qualified Person, as defined under Canadian National Instrument 43-101. Mr. Robinson also joins the Company's board.

Mr. Derrick Weyrauch joins the Company's Board of Directors. Mr. Weyrauch is a Chartered Professional Accountant ("CPA", "CA") with over 25 years of experience that includes corporate financial management, financings, corporate restructuring, strategic planning and M&A.  He serves currently as the Audit Committee Chair for Banro Corporation (a gold producer).  Previously, for Jaguar Mining Inc., he served as the Chief Financial Officer, Chairman -- Special Committee Restructuring and Recapitalization and as a member of the Audit Committee. Additionally, prior to its sale in 2013, Mr. Weyrauch served as the Chief Financial Officer of Andina Minerals Inc. Mr. Weyrauch earned his CA designation in 1990 while working at KMPG and he is a member of the Institute of Chartered Accountants of Ontario, the Institute of Corporate Directors and he holds a Bachelor of Arts degree in Economics.

Lastly, the Company is pleased to announce the appointment of Dan Hrushewsky to the Board. Mr Hrushewsky is an Engineer, MBA and CFA. Since his recent role as a gold mining analyst for Jennings Capital in Toronto, he has consulted for numerous mining companies on strategic issues, M&A, capital markets financing and mine plan optimization. Prior to his work as an analyst, he was employed in Corporate Development/M&A for gold and base metal producers, and in project finance for a Canadian Bank.

Daniel Barrette, Virtus's Chairman and Chief Executive Officer, commented: "We are pleased to be strengthening our executive team and board so significantly at this time, as the Company refocusses its strategy. The new management team brings a number of decades of exploration, corporate and consulting experience gained within the resource industry. We look forward to leveraging this experience during this exciting period of change and growth." Mr. Daniel Barrette has stepped down as President of the Company, while retaining his role as CEO and Executive Chairman.

About Virtus

Virtus is a privately-held Canadian mineral exploration company that was formed in December 2014 under the laws of the Province of Québec.

Virtus holds 100% interest in the Nemiscau Project, which is highly prospective for lithium and rare earth elements (REEs), as well as VMS mineralisation. The project area comprises 50 claims covering 2,666 ha in the James Bay region of northern Québec. The licence is in close proximity to and on strike from the world-class Whabouchi Lithium Mine, currently being developed by Nemaska Lithium Inc. (NMX.V).

Virtus's long-term growth strategy is to explore and develop high-quality projects that have the potential to produce and deliver strategic minerals to the global high-tech industrial sector.

More information on Virtus is available at www.virtusminerals.com.

VIRTUS CONTACT INFORMATION

Daniel Barette
Chief Executive Officer
+1.514.448.2172
daniel@virtusminerals.com

Toby Mayo
President and Chief Operating Officer
+1.778.668.0107
toby@virtusminerals.com

FORWARD-LOOKING STATEMENTS

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the company's periodic filings. When used in this document, the words such as "will, could, plan, estimate, expect, intend, may, potential, should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

Forward-looking information and statements in this news release include, but are not limited to, statements regarding the acquisition of the Nemiscau Project and the issuance of securities, opportunities for discovery in the James Bay region of northern Québec, the future growth of Virtus, the identification, exploration, and development of high-quality mineral projects and the delivery of minerals to the global industrial sector.

All such forward-looking information and statements are based on certain assumptions and analyses made by members of Virtus's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors that they believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements and Virtus undertakes no obligation to update such statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

SOURCE: Virtus Minerals Corporation 

ReleaseID: 440249

Source URL: https://marketersmedia.com/virtus-minerals-corporation-appoints-new-management-strengthens-board-to-drive-strategic-growth-and-advance-the-companys-nemiscau-lithium-project/116087

Source: AccessWire

Release ID: 116087


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